The property, at 61 Front Street, Tynemouth, is listed as a commercial investment by estate agents Rook Matthews Sayer.
It is a freehold guest house and tea room, boasting a rental income of £48,000 per annum, and a 6% yield on the asking price.
The current tenants have a lease in place until February 2043.
The guest house property comprises seven luxury en-suite rooms, owners’ accommodation, and a tea garden.
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According to Rook Matthews Sayer, it is presented to a high standard in a sought-after affluent coastal village.
A review on TripAdvisor describes the property as “a beautiful Georgian townhouse in the heart of Tynemouth village”, with rooms at the back offering “fabulous views over the estuary”.
Each room has been decorated to a high standard, retaining many original features.
The business has a five-star rating on the review site, with one user saying: “The location is pretty perfect… it is a 5-minute walk to the beach and there are plenty of eating/drinking places nearby.”